Supplier Risk Manager

Job Description

What is the opportunity?

Do you embrace new challenges? Are you passionate about supplier management and driving change initiatives amongst the challenges and opportunities within the third-party risk domain? Are you someone who thrives in a spirited team environment, questions the status quo and is naturally driven to seek opportunities for cost efficiencies and process improvement? If so, then we would love to hear from you.

As a Supplier Risk Manager, you will be a member of Supplier Management office and support RBC’s Wealth Management (WM) platform. In this role, you will execute supplier management activities, supporting the delivery of our Third-Party Risk (TPR) governance requirements. Key activities include supporting the WM Third-Party portfolio (including Non Supplier Third Party) to maintain sustained compliance, assisting with third-party incident response coordination, and facilitating SOC reviews and comprehensive risk assessments. Additionally, supplier performance monitoring and reporting support, as well as supporting various change and acquisition integration initiatives is required.

This role offers the opportunity to develop deep expertise in governance frameworks, escalation protocols, and risk classification methodologies while supporting strategic initiatives that enhance transparency and accountability. You'll work with experienced leadership and have clear visibility into how your work supports enterprise risk oversight.

Success in this role requires a detail-oriented risk professional with strong analytical capabilities, commitment to governance discipline, and the ability to coordinate complex workflows. Your organizational skills, communication abilities, and dedication to quality will be essential as you support the governance function and contribute to operational excellence across WM.

What will you do?

Third-Party Assessments & Governance

• Support supplier governance and oversight activities throughout the Third-Party life cycle to ensure risks associated with the arrangements and services are fully assessed and documented in the supplier risk system.

• Provide support for Third-Party and Non Supplier Third Party due diligence and incident management, considering regulatory and business objectives.

• Perform Third-Party SOC reviews including gap analysis, remediation tracking, and audit evidence maintenance.

• Maintain governance decision tracking and escalation documentation to support audit readiness

Incident Management & Outreach

• Support Third-Party incidents, including outreach to the stakeholders, remediation coordination, and resolution tracking

• Coordinate escalation and maintain incident documentation and closure evidence

Change Management and Process Improvement

• Support change management activities to facilitate the rollout of enterprise policies, standards, processes, and tools updates.

• Identify and support improvements across the Third-Party arrangement portfolio and incident response processes.

• Support continuous improvement in governance frameworks and operational processes

Collaboration & Reporting

• Collaborate across global WM and other RBC Business Platforms, including procurement, supplier management offices and centers of governance.

• Collaborate with the 2nd Line of Defense in addressing requests related to Third-Party supplier requirements from regulators

• Prepare ad hoc and scheduled Third- Party Risk reporting, reports on incident trends, review status, and compliance metrics as requested.

• Support governance reporting and communication on escalations and risk status

What do you need to succeed?

Must haves:

• Education: Business Administration degree or equivalent field

• Experience: 3+ years in Supplier/Third-Party Risk, and/or Operational Risk

• Risk Knowledge: Understanding of third-party risk governance frameworks, escalation protocols, and risk classification methodologies

• Governance Discipline: Understanding of governance decision-making, audit requirements, and documentation standards

• Analytical Skills: Strong analytical and critical thinking capabilities; ability to assess materiality and apply methodology and governance criteria

• Communication: Ability to influence without authority, strong presentation and written  skills to various audiences

• Organizational Skills: Advanced organizational and process discipline skills; ability to maintain governance quality standards and audit evidence

• Technical Skills: Advanced Microsoft Office Suite skills (Excel, PowerPoint)

Nice-to-have:

• Project and/or Change Management, Risk Certification and/or PMP certification an asset

• Prior experience within supplier management or risk management

• Understanding of third-party risk management policy, standards, methodologies, and audit requirements

• Ability to review third-party contracts and agreements

• Hands-on experience with third-party risk platforms (Archer SRMA, iValua, or similar)

• Familiarity with RBC's supplier ecosystem and wealth management environment

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact.

• Work in a dynamic, collaborative, progressive, and high-performing team.

• Flexible work/life balance options.

• Opportunities to do challenging work.

• Opportunities to take on progressively greater accountabilities. 

• Access to a variety of job opportunities across business.

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.